Eth is somewhat like the U.S. stock market, under a unique set of culture, some regulation and first mover advantage the U.S. stock market is somewhat decentralized, highly trusted and hosts the deepest liquidity in the world. If the U.S. reduces confidence, introduces overbearing regulations, restricts participation then eth will be the next credibly neutral exchange layer with deep liquidity. It’s very hard to lose first mover advantage liquidity so I am still bullish eth just like I am bullish on the U.S. stock market as long as they don’t burn the lead
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